Continental Copper has six exploration permits covering 980 km2 in the sparsely explored terrane north of Ernest Henry (245 Mt at 1.2% Cu and 0.4g/t Au) and east of Dugald River (60Mt at 12% Zn and 1.6% Pb) and Little Eva (306Mt at 0.42% Cy, 0.23 g/t Au). This area is the most prospective Cu-Au and Zn-Pb-Ag target terrane in the Mt Isa region.
Continental projects were acquired based upon an 11,000km2 water-bore geochemical survey. The highest Cu-Pb-Zn bore-water geochemistry outside of the immediate mine areas is located in multiple samples within the Continental Copper licences. Lead isotope geochemistry confirms the prospectivity of the anomalies.
A 4,000 km2 Magnetotelluric (MT) geophysical survey has generated prominent and unexplained conductivity anomalies within the Continental Copper licences coincident with the Gidyea Suture and the Mt Margaret Fault system. A very strong and undrilled EM conductor coincides with the geochemistry and the MT conductor. This EM anomaly has been modelled as three separate conductors with strikes of 3km to a depth of 1.5km.
Continental Copper licences are in a well mineralized and structurally complex area, with coincident untested high-order geochemical and geophysical anomalies. Continental Copper is about to change the way that exploration is conducted under-cover in Australia, reducing risk and increasing discovery rates in deeply covered regions.
